Vol. 11, Special Issue 8 (2022)

Author(s):
Mayur Sandeep Pisal, Dr. AV Gavali, Dr. RB Hile and Dr. RR Nirgude

Abstract:
The present study was undertaken to analyse the trends in growth of sugar factories in Maharashtra. The Compound Annual Growth Rate (CAGR) and coefficient of variance were utilized to estimate growth and variation in various parameters related to sugar industry. The study was mainly focused on growth in the number of sugar factories installed, number of factories in operation in co-operative as well as private sector, sugarcane crushed, sugar production, capacity utilization and recovery percentage of sugar factories in Maharashtra. The present study revealed that, the number of installed sugar factories, number of factories in operation in private sector and capacity utilization by both sectors has increased significantly with 2.16, 11.30 and 0.46 per cent per annum, respectively. The growth in number of co-operative sugar factories in operation was observed to be negatively significant. The compound annual growth rates (CAGR) of sugarcane crushed, sugar produced by both the co-operative and private sugar factories and recovery percentage for co-operative and private sugar factories were insignificant throughout the study period. The cyclical fluctuations were observed in the total number of sugar factories in operation, sugarcane crushed and sugar production by both the co-operative as well as private sugar factories in Maharashtra.